Oct 5, 2012 6:00am PDT
the rate drops below 8% first time in 43 months, five weeks before the election. there is some mistrust of these numbers along with the contradiction between 873,000 people found work, only 114,000 new jobs. mistrust of this report. bill: on that point it will be interesting to see how president obama plays this in fairfax, virginia later today. how mitt romney responds. he is in virginia, southwestern part of the state. also in florida. >> i suspect the president will play it big, we're going in the right direction. look at this 7.8%. how governor romney will respond i don't know. bill: stuart, 9:20 a.m.. this will pop up again. martha: let's get context of this. back in december 2007, when the recession began the unemployment rate was 5%. in october of 2009, that is the peak you see on this chart, that is 10% unemployment rate in the country. economists say a healthy u.s. economy would have a jobless rate of about 6%. that is shown by the yellow line you see across the chart there. today's report shows the unemployment rate dropped but stayed well above this mark of a healthy economy.